As soon as the deal was over, Twitter shares fell 6 percent.
Burns mogul Elon Musk terminates contract with Twitter
According to the foreign news agency, business tycoon Elon Musk and Twitter parted ways and terminated the contract with Twitter for failing to provide details of fake accounts. As soon as the contract was terminated, Twitter shares fell by six percent.
Elon Musk says Twitter management failed to provide information on the number of fake accounts, leading to withdrawal from the deal.
The Tesla owner also argued that the decision to fire two top Twitter officials violated the agreement.
On the other hand, the president of Twitter has announced legal action against Elon Musk.
The two sides agreed in April that they would pay a $1 billion fine if either side pulled out of the deal.
It should be noted that at the end of April this year, Elon Musk and Twitter agreed to buy a social media company for 44 billion .
